Etsy Inc. (NASDAQ: ETSY)
Internet Retail · Brooklyn, NY, United States · Founded 2005
- Market capitalization: $7.0 billion
- Annual revenue: $0.44 billion
- Net income: $0.16 billion
- Employees: 2,400
- Sector: Consumer Cyclical
- Headquarters: Brooklyn, United States
- Founded: 2005
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Etsy is the global marketplace for handmade, vintage, and unique goods, with over 90 million active buyers and 7 million active sellers. The platform specializes in items you can't find on Amazon u2014 custom jewelry, handcrafted furniture, vintage clothing, personalized gifts. Rob Kalin founded Etsy in 2005 in a Brooklyn apartment. The company also owns Depop (Gen Z fashion resale) and Reverb (musical instruments).
Etsy charges sellers a $0.20 listing fee per item, a 6.5% transaction fee on each sale, and payment processing fees (3% + $0.25). Etsy Ads (promoted listings) and shipping labels add additional revenue. The take rate has increased significantly over the years. Revenue exceeds $2.7 billion annually. The marketplace model is capital-light with strong margins.
Kalin, Chris Maguire, and Haim Schoppik founded Etsy in 2005. IPO in April 2015 at $16 per share. Josh Silverman became CEO in 2017 and transformed the company from a quirky marketplace into a serious e-commerce platform. COVID drove a massive surge in mask sales and home goods purchases. Etsy acquired Depop for $1.6 billion (2021) and Reverb for $275 million (2019).
| Market Capitalization | $7.0B |
| Annual Revenue | $0.44B |
| Net Income | $0.16B |
| Profit Margin | 36% |
| Revenue per Employee | $183333K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | ETSY |
Financial data is approximate and based on most recent annual filings.
During COVID, Etsy sellers produced over 50 million face masks in just a few months u2014 the platform became a critical supply chain for PPE. The company went through a period of internal turmoil in its early years, with three CEOs in three years. Etsy's B Corp certification (later dropped) was unusual for a public company. The platform's search algorithm heavily favors sellers who offer free shipping.
Etsy carved out a genuine niche that Amazon can't replicate u2014 the challenge is growing beyond its core crafty demographic without losing the authenticity that makes the platform special.
What is Etsy Inc.'s revenue?
Etsy Inc. generates approximately $0.44 billion in annual revenue.
How many employees does Etsy Inc. have?
Etsy Inc. employs approximately 2,400 people worldwide.
What is Etsy Inc.'s market cap?
Etsy Inc. (ETSY) has a market capitalization of approximately $7.0 billion on the NASDAQ.
When was Etsy Inc. founded?
Etsy Inc. was founded in 2005 and is headquartered in Brooklyn, NY, United States.
Who is the CEO of Etsy Inc.?
Josh Silverman is the current CEO of Etsy Inc..
What is Etsy Inc.'s website?
Etsy Inc.'s official website is etsy.com.
| CEO | Josh Silverman |
| Sector | Consumer Cyclical |
| Industry | Internet Retail |
| Founded | 2005 |
| HQ | Brooklyn, NY |
| Country | United States |
| Website | etsy.com |
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